Walmart Capital One Rewards changing to Quicksilver!

[swankytiger]

man if Synchrony doesnt want you then you really are a diva

[Dilbert934]

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@Slabenstein wrote:

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@Anonymous wrote:

I do wonder if this will be a new account and will lower AAoA or will it be the same account + age

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It's effectively just a product change, so it should be the same account for reporting purposes.

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You are correct.  This is touched on in the FAQ.

[Dilbert934]

Pretty useless card for me.  I already get at least 1.75% on all purchased, and significantly more in specific categories. 

We're going to miss the 5% back on wm.com purchases.  Kind of hoping that WM may offer up whatever card they wind up offering with a SP to legacy cardholders.

[FicoMike0]

I can't imagine Wal-Mart won't have a card. Sub has all the Kroger cards. How about wells, so they have cards with any competitors?

[SouthJamaica]

It could be worse.

[IsambardPrince]

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@swankytiger wrote:

I mean it is better than it just being closed like the Evolve Bilt cards.

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Fail to see how. I just scrubbed a post-bankruptcy bucketed Quicksilver I converted from Platinum that was stuck at $3,000 SL and 32% interest and it wasn't even as bad as the interest rate on my spouse's Walmart Rewards, which is 33.64%.

So basically what you'll have is millions of people who don't even know what their card interest rate is using a QuickSilver that had no sign up bonus, so they not only missed out on $200, but they also could have gotten one issued at 26.24%.

All this is variable rate, but 7.4 percentage points on top of what you could get a new card at is pretty brutal.

Capital One knows what they're doing. Why would they slam a card shut when they could leave millions of them open at 33.64%?

[IsambardPrince]

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@Drifter73 wrote:

I would hope their forced PC is based off higher usage categories as to what they PC you to rather than QS being the only option for everyone.

I haven't been alerted to anything yet for my C1 WM wMC. I'll give it more time before I become concerned they may just close mine with no PC at all.

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According to them you'll get a letter. They're staggering the new card mailings. Your rewards won't change until you get the new cards.

[MissLiz]

If the Capital One/Discover merger happens, maybe those QS's can be PC'ed to a Disco CB card. 

[rgninja]

I got my letter today confirming it's a switch to a QS card starting Sept 5th. It looks like it's the standard reward of 1.5%, and you get to keep any rewards you haven't used yet. The interest rate for me, at least is 32.24%, which I think was the standard one for the Walmart card. I guess I will have another QS card to sock drawer because I could never get CapOne to budge on any type of cli. 

[911gt34life]

Here a  links to the Capital One website converting Walmart to Quicksilver 

https://walmart.capitalone.com/card-changes